Benchmarks erase some losses, Nifty above 10,450; OMCs gain

607 shares advanced, 636 decline, while 55 shares unchanged

Mumbai.

The market is off to a negative start, with the Sensex shedding over 100 points, while the Nifty is down around one-third of a percent.

Automobiles, banks, energy, consumption, and IT stocks are trading in the red. In the broader markets, midcaps are trading higher. The Nifty Midcap index is down 0.40 percent.

Shares of Bharti Airtel, Coal India, HPCL and IOC are the top gainers, while Tata Motors, ICICI Bank, and Eicher Motors have lost the most.

The Sensex is down 119.43 points or 0.34% at 34693.56, while the Nifty is down 37.30 points or 0.36% at 10444.90. The market breadth is narrow as 250 shares advanced, against a decline of 229 shares, while 34 shares were unchanged.

However, soon after the opening dowsizing, benchmarks were trading off their low points, with the Nifty trading above 10,450.

The Sensex was down 42.83 points or 0.12% at 34770.16, while the Nifty was at down 0.11% at 10470.90. The market breadth was negative as 607 shares advanced, against a decline of 636 shares, while 55 shares were unchanged.

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